SPX FLOW, Inc. (NYSE:FLOW):
SPX FLOW to Present at the Stifel 2017 Industrials Conference.
The company is now unchanged by N/A percent from yesterday’s close.
SPX FLOW, Inc., launched on February 11, 2015, is a global supplier of engineered solutions. As of December 31, 2016, the Company had operations in over 30 countries and sales in over 150 countries around the world. The Company operates in three business segments: Food and Beverage, Power and Energy, and Industrial. The Business’s product portfolio of pumps, valves, mixers, filters, air dryers, hydraulic tools, homogenizers, separators and heat exchangers, along with the related aftermarket parts and services, supports global industries, including food and beverage, oil and gas, power generation (including nuclear and conventional), chemical processing, compressed air and mining..
The stock is trading at $39.94 which is just over $37.61, the 50 day moving average and just a bit higher than the 200 day moving average of $34.64. The 50 day moving average went up $2.33 or +6.20% and the 200 day average went up by +15.29%.
As of the last earnings report the EPS was $-8.64 and is expected to be $0.15 for the current year with 42,285,000 shares presently outstanding. Next quarter’s EPS is expected be $0.62 with next year’s EPS projected to be $2.41.
Several brokerage analysts have released opinions on FLOW of late. On December 6 Stifel Nicolaus made no change to the stock rating of “Buy” and raised the price expectation from $38.00 to $39.00. On November 15 the stock rating was downgraded from “Underperform” to “Underperform” and a price target of $23.00 was set in a report from Credit Suisse.
November 15 investment analysts at Credit Suisse made no change to the price target of $23.00 but cut the company from Underperform to Underperform. On November 14 the company was downgraded to “Underperform” from “Neutral” with a current price target of $23.00 in a statement from Credit Suisse.
Equity analyst Credit Suisse both downgraded the stock and lowered the price target on November 14 changing the price target from $24.00 to $23.00 and changing the rating from “Neutral” to “Underperform”. On May 5 the company was rated “Buy” in a report from Seaport Global which is up from the previous “Accumulate” rating.